Tron founder Justin Sun has declared that Wrapped Bitcoin (WBTC) has effectively become the United States' national Bitcoin reserve.

The project now holds $352 million worth of crypto tokens, Arkham shows.

Tron founder Justin Sun has shared insights on Donald Trump's DeFi project – World Liberty Financial's – massive investments in Wrapped Bitcoin (WBTC) for building its Bitcoin reserves. Earlier today, the project acquired nearly $10 million worth of WBTC during the price dip.

Trump family-backed WLFI's recent $9.84 million wBTC purchase raises its total crypto holdings to $365 million. World Liberty Financial (WLFI), a crypto project tied to the Trump family, has intensified its aggressive push into digital assets.

The complaint, filed in December 2024, alleged “antitrust injury” from Coinbase over its decision to delist wrapped Bitcoin in favor of promoting its cbBTC product.

Coinbase has filed a motion to dismiss a lawsuit from BiT Global that challenges the firm's decision to delist Wrapped Bitcoin (wBTC), according to a Jan. 21 court filing. This follows the denial of BiT Global's earlier legal attempt to block the delisting through a court order.

Immediately after Trump's inauguration ceremony, World Liberty Financial spent $110 million in stablecoin to purchase various crypto.

As Donald Trump took oath as the 47th President of the U.S. on Monday, World Liberty Financial, a cryptocurrency project backed by him, announced a series of strategic purchases, including Ethereum (CRYPTO: ETH) and Wrapped Bitcoin (CRYPTO: WBTC). What Happened: In an X post, the decentralized finance platform disclosed buying several cryptocurrencies, including $47 million each in Ethereum and Wrapped Bitcoin, a converted version of Bitcoin that can be used on Ethereum's blockchain.

World Liberty Financial, the Trump-backed DeFi protocol, is swapping stablecoins for wrapped bitcoin (WBTC) and Ethereum's native token ether, onchain data shows. The project is also apparently loading up on Chainlink's LINK, Ethena's ENA and TRON's TRX tokens.

World Liberty Financial has ramped up its investment activity, spending $109.1 million across six cryptocurrencies in a single day. The fund allocated $47 million within the past hour to acquire 7,022 ETH worth $23.5 million, 174.1 WBTC for $18.8 million, and 5.037 million ENA tokens valued at $4.7 million.

The buying frenzy came after WLFI token sales picked up ahead of Donald Trump's inauguration.

A wallet believed to belong to Donald Trump's family crypto venture World Liberty Financial has been involved in a series of recent transactions according to onchain data from Arkham Intelligence.

A significant event in the cryptocurrency market has emerged as a whale deposited a substantial $28.5 million worth of Wrapped Bitcoin (WBTC) to Binance on January 9, 2025. The sale, which involved 300 WBTC, resulted in an impressive profit of nearly $10 million for the trader.

This week's Crypto Biz explores Coinbase's wBTC controversial delisting, Deutsche Bank's blockchain, USDT in Europe, FTX creditors repayment and BVNK's move to the United States.

Top US-based crypto exchange platform Coinbase is removing support for Wrapped Bitcoin (wBTC) as the crypto king crashes below six figures.

BiT Global claims the delisting is defamatory and anti-competitive. Coinbase says it handles less than 1% of wBTC transactions, disputing market impact claims.

American crypto trading platform Coinbase Global Inc. has announced it has disabled trading for Wrapped Bitcoin (wBTC). The top crypto exchange noted that despite this move, the product will still become accessible to users.

Judge Martínez-Olguín ruled BiT Global failed to justify stopping Coinbase from delisting wBTC, calling claims speculative and delayed.

World Liberty Financial (WLFI), a Donald Trump decentralized finance project, has restructured its wrapped Bitcoin holdings. WLFI exchanged $10.4 million in Coinbase-backed cbBTC for 103.15 WBTC.

The involvement of Justin Sun in World Liberty Financial as an advisor could have a major role in the swapping of Coinbase-backed wrapped Bitcoin to its rival.

Coinbase has successfully dismissed a lawsuit from BiT Global, linked to Justin Sun, aimed at blocking the delisting of Wrapped Bitcoin (wBTC), with the court siding with Coinbase's concerns over customer protection and asset integrity. The post Coinbase Dismisses Justin Sun-Linked BiT Global Lawsuit Over wBTC Delisting appeared first on Cryptonews.

Coinbase announced in November that it would delist WBTC on December 19, after the token became affiliated with Tron founder Justin Sun.

Wolrd Liberty Financial, the new DeFi project by Donald Trump, has sold its cbBTC tokens to purchase wBTC.

The swap took place Wednesday, the same day BiT Global lost a court case seeking to prevent Coinbase delisting WBTC.

World Liberty Financial (WLFI), the decentralized finance project backed by Donald Trump, has sparked significant attention with a recent transaction. Blockchain analytics firm Lookonchain reported that WLFI swapped its portfolio of 102.9 cbBTC, valued at $10.4 million, for 103.15 WBTC (Wrapped Bitcoin).

A U.S. federal judge ruled against BiT Global's attempt to prevent Coinbase from delisting Wrapped Bitcoin (wBTC).

A Coinbase representative said the exchange may look to sanction the plaintiffs for bringing a spurious lawsuit.

Crypto exchange Coinbase has cited risks linked to Tron-founder Justin Sun during a lawsuit over its delisting of Wrapped Bitcoin (wBTC).

Coinbase will likely be able to move forward with its intention to suspend wBTC trading on Dec. 19 after a challenge in federal court.

Coinbase is under fire for delisting wBTC, citing risks linked to Justin Sun without providing technical justification. Critics note the irony, as Coinbase itself faces numerous regulatory investigations.

Coinbase justified delisting WBTC, citing concerns over BiT Global's ownership structure and TRON founder Justin Sun's involvement.

Coinbase, a prominent cryptocurrency exchange, has faced criticism following its decision to remove Wrapped Bitcoin (WBB) from its platform. The exchange cited unacceptable risks associated with Justin Sun, the founder of the Tron blockchain, as the reason for this action. The post Coinbase Criticized for Citing Justin Sun Risks in Wrapped Bitcoin Delisting appeared first on Cryptonews.

Coinbase has issued a response to a lawsuit filed by BiT Global, a company affiliated with Justin Sun, after the exchange announced it would delist wrapped Bitcoin (wBTC) on Dec. 19.

The venture between BitGo and BiT Global provided a reminder of the distrust many BTC holders still have for centralized custody, according to a new report

The crypto community is lashing out against Coinbase's reasoning for delisting Wrapped Bitcoin (WBTC) after the exchange linked the decision to the “unacceptable risk” associated with Tron founder Justin Sun. On December 17, Coinbase filed a response to a lawsuit from BiT Global, a company affiliated with Sun.

Coinbase, the largest US-based crypto exchange, plans to suspend trading of Wrapped Bitcoin (wBTC) on December 19. This decision follows a routine review to ensure all listed assets meet the platform's standards.

Coinbase has thrown a legal argument against a lawsuit from Bit Global Digital Limited, which aims to overturn Coinbase's choice to drop wrapped bitcoin (WBTC) from its exchange.

Some crypto community members have criticized Coinbase for not giving technical reasons for delisting WBTC and justifying its decision by citing Justin Sun-linked risks.

Some crypto community members have criticized Coinbase for not giving technical reasons for delisting WBTC and justifying its decision by citing Justin Sun-linked risks.

BiT Global refuses to answer Coinbase's questions about Sun's involvement.

Coinbase has made a legal response to BiT Global's lawsuit, which sought relief to keep wBTC on its platform.

No law compels Coinbase to “compromise the integrity of its platform” by doing business with Justin Sun-tied BiT Global, the U.S. crypto exchange wrote.

BiT Global accused Coinbase of attempting to monopolize the wrapped bitcoin market by delisting wBTC and launching cbBTC.

Coinbase pushed back against BiT Global's legal attempt to halt its planned delisting of wrapped Bitcoin (WBTC), arguing that the lawsuit lacks merit and the firm's request for a temporary restraining order (TRO) should be denied.

BiT Global, issuer of the "wrapped bitcoin" token, "refused" to answer Coinbase's questions about Sun's involvement, the exchange said in a court filing.

The problem is related to the indirect entry of Justin Sun into the project of the main wrapped Bitcoin token.

The upcoming delisting of Wrapped BTC (WBTC) from the Coinbase platform and the legal battle between the exchange and Bit Global have sparked a series of social media skirmishes between Bit Global-linked Justin Sun and Coinbase CLO Paul Grewal.